Total monthly cost of ownership
Cost to Own a Home in Jamestown, Kentucky
A $119,000 home here costs
$1,024per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $412 higher every month — 67% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Jamestown against Russell County and Kentucky
| Measure | Jamestown | Russell County |
|---|---|---|
| Median home value | $119,200 | $148,200 |
| Median property tax | $577 | $872 |
| Effective tax rate | 0.484% | 0.588% |
| Median gross rent | $538 | $660 |
| Population | 2,021 | 18,117 |
The weather behind that power bill
Jamestown sits in Russell County, which averages a high of 85.6°F in its hottest month and a low of 24.5°F in its coldest, with 57.02" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,083 cooling and 4,541 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Russell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Russell County
Full Russell County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Jamestown?
A $119,000 home in Jamestown, Kentucky costs approximately $1,024 per month with 20% down at 6.66%. That is $612 principal and interest, $48 property tax, $63 homeowners insurance, $203 utilities and $99 set aside for maintenance.
What is the property tax rate in Jamestown?
Jamestown has an effective property tax rate of 0.484%, based on a median home value of $119,200 and median real estate taxes of $577. That is lower than the Russell County average of 0.588%.
What is the average home price in Jamestown?
The median owner-occupied home value in Jamestown, Kentucky is $119,200, against $148,200 across Russell County.
Is it cheaper to rent or buy in Jamestown?
Median gross rent in Jamestown is $538 a month, against $1,024 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jamestown — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Kentucky.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.